​WTI Dips After Largest Crude Inventory Jump Since April – Tyler Durden

WTI Dips After Largest Crude Inventory Jump Since April After two days of gains, oil prices roller coastered overnight with WTI testing down to $70 before bouncing back up to $71.50 ahead of this morning’s official inventory and supply data. API reported a mixed bag last night as we are sure the impact of the Hurricanes is still rippling through this data. API Crude +1.64mm (+800k exp) Cushing -216k Gasoline -2.02mm (-1.3mm exp) Distillates -1.48mm (-1.6mm exp) DOE Crude +5.47mm (+800k exp) Cushing -346k Gasoline +878k (-1.3mm exp) Distillates -1.14mm (-1.6mm exp) Crude stocks soared by 5.5mm barrels last week…  — Continue at ZeroHedge News : Read More